Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Bright future for Huntly

Bright future for Huntly

As conditions recovered through 2013, the industrial sector has benefited from increased confidence and a low interest rate environment. This momentum is set to continue into 2014 with scarcity of stock becoming a major issue for many buyers. 

Hamilton has seen the rapid development of Te Rapa as a prime location for industrial and commercial operators. It is no accident that this has coincided with the completion of a large section of the Waikato Expressway. Additionally, the pull of being closer to the growth of Auckland as well as the country's largest port, has added to the appeal of the north Hamilton development trend. 

This trend is expected to continue as NZTA works to complete the Waikato Expressway which will mean that locations such as Huntly will be well under an hour's drive from Auckland, making it a daily commute location. 

As a result, developers are focussed on reaching ever further north opening up several locations in the Waikato previously considered back waters. 

According to Statistics New Zealand, between 2011 and 2031, the city of Hamilton is forecast to grow by 40,000 people. This coincides with a dramatic increase in the population for Auckland of 230,000 between 2011 and 2021. 

An opportunity to take advantage of this continued growth has arisen, with Jones Lang LaSalle being appointed to market two Huntly properties, located on the eastern terrace of the Waikato River, number 2 and 6 Great South Road. 

Chris Harding, Commercial Sales and Investment Broker at Jones Lang LaSalle, who is marketing the property says, "The Waikato Expressway is a welcomed improvement to the town of Huntly. The property market in Waikato remains upbeat with the wider economic recovery and the confluence of these trends means a bright future for Huntly. "

The property, a previous concrete batching plant, has now been cleared and provides a vacant parcel of rural zoned land measuring an overall 11,502sqm. The site is bounded by the Waikato River to the west and residential and commercial buildings to the north and south.  The two properties have existing use rights and are located on the eastern side of State Highway 1 just to the North of Huntly Town Centre.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news